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PAM ‘rejects’ any contract with salary less than KD 75 – KD 40 salary for worker refuted

July 17, 2018

PAM ‘rejects’ any contract with salary less than KD 75 – KD 40 salary for worker refuted

The post of former minister of Education Dr Ahmed Al-Mulaifion his Twitter account in which he said a laborer of a fuel station receives a monthly salary of KD 40 went viral on social media and attracted wide reactions from Twitter users.

Several questions were raised about the contracts signed with the laborers who work at fuel"... Continue Reading

Minister Al-Roumi signs contract for roads, bridges completion

July 17, 2018

Minister Al-Roumi signs contract for roads, bridges completion

Minister of Public Works and Minister of State for Municipal Affairs Hussam Al-Roumi signed a KD 14.722-million (about US$48.5 million) contract on Monday related to the design, construction, maintenance of roads, bridges, sewerage, waterways and other services between the Fifth Ring Road, Al-Ghazali Road and Muhammad bin Qasim Street.

Al-Roumi"... Continue Reading

2,140 expats’ contracts frozen

July 16, 2018

2,140 expats’ contracts frozen

Deputy Prime Minister and Minister of State for Cabinet Affairs Anas Al-Saleh said according to the Civil Service Commission’s (CSC) database, the total number of government employees with degrees in law is 7,052 citizens and 1,271 non-Kuwaitis. Saleh added 41 citizens with law degrees had been registered with the CSC employment application system as of Dec 31, 2017 and that they had been nominated"... Continue Reading

Iraqi protesters close border crossing with Kuwait

July 15, 2018

Iraqi protesters close border crossing with Kuwait

Iraqi protesters in the southern province of Basra shut down a border crossing with Kuwait on Saturday amid rising anger over unemployment and lack of basic services in southern Iraq.

“Hundreds of demonstrators forced the closure of the Safwan border crossing with Kuwait,” Police Captain Ali Kadhim told Anadolu Agency.

"... Continue Reading

Boursa Kuwait equities rally on renewed buying interest

July 15, 2018

Boursa Kuwait equities rally on renewed buying interest

Boursa Kuwait ended last week in the green zone. The Premier Market Index closed at 5,344.48 points, up by 3.17 percent, the Main Market Index increased by 1.15 percent after closing at 4,975.74 points, and the All-Share Index closed at 5,213.42 points up by 2.47 percent. Furthermore, last week’s average daily turnover increased by 37.58 percent, compared to the preceding week, reaching around KD 35.83"... Continue Reading

Minister signs ‘T2’ contracts – ‘Kuwait airport’

July 14, 2018

Minister signs ‘T2’ contracts – ‘Kuwait airport’

Minister of Public Works and Minister of State for Municipal Affairs Hussam Al-Roumi signed a KD-18.585-million (about $ 59.4 million) contract related to the new passenger terminal (T2) at Kuwait International Airport.

Al-Roumi said in a statement to KUNA that the first contract includes the design and expansion of the runway"... Continue Reading

Korean companies can be worthy partners to achieve Kuwait 2035’

July 14, 2018

Korean companies can be worthy partners to achieve Kuwait 2035’

The Korea Trade Investment Promotion Agency (KOTRA), the commercial section of the Embassy of The Republic of Korea held a Korea Electric Power Technology Seminar and Business meeting with Korea Electric Power Corporation and a delegation of 11 reputed companies in electric power technology at Crowne Plaza Hotel on Thursday morning.

The"... Continue Reading

Kuwait's economy set to rebound on higher oil output and government spending

July 14, 2018

Kuwait's economy set to rebound on higher oil output and government spending

Kuwait's economy is set to recover this year, after shrinking in 2017, on the back of increased government spending and an expected rise in oil production in the coming months.

Gross domestic product (GDP) is expected to accelerate to 2.5 per cent this year after falling 2.9 per cent in 2017 as OPEC shifts its policy towards"... Continue Reading

Electricity consumption peaked July 9

July 12, 2018

Electricity consumption peaked July 9

Undersecretary of Ministry of Electricity and Water Eng Mohammad Boushahri revealed that consumption of electricity on Monday, July 9 was 13,790kw, and the temperature that day was 49 degree Centigrade. In a press release issued by Eng. Boushahri on the sideline of his meeting with the Union of Consumer Cooperative Societies which was aimed at finding solutions for the obstacles facing cooperative societies,"... Continue Reading

Kuwait, China sign crude oil joint marketing deal

July 12, 2018

 Kuwait, China sign crude oil joint marketing deal

Kuwait Petroleum Corporation (KPC) signed on Tuesday a cooperation agreement with China's ShanDong Refining and Chemical Group to market Kuwaiti crude oil. The agreement was signed by KPC's CEO and Deputy Chairman of the Board Nizar Al-Adsani and ShanDong's Chairman of Board of Directors Li Xiangping.

The deal, which"... Continue Reading

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